Please identify 3 ways to reduce each of these risks Risk Dealing with delinquent loans Credit agreements
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Question:
Please identify 3 ways to reduce each of these risks
Risk |
Dealing with delinquent loans |
Credit agreements do not fully reflect provisions or contain errors |
The risk that the loan is not used for its intended purpose |
Risk of loan default |
Relationship issues related to loan disbursements and dealing beyond acceptable standards |
Failure to establish a credit risk fund in accordance with the law |
Risk of not getting insurance coverage |
Loss of confidentiality of customer information |
Reputational risk |
Risk of decline in value of collateral |
Related Book For
Auditing A Practical Approach
ISBN: 9780730382645
4th Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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